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Thanks again for your insights ST. I reckon we'll find out...

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Midnight26

4,791 Posts.

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21/10/16

20:06

Post #: 20041892
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Originally posted by share_time ↑

Too many friday beers down to do a good calculation but drake are very close to 50%. If they want it bad enough they could exercise their 20 mill plus options at .0125.

This would of course put pressure on on other option holders to convert, even those 5 cent options might need to be used to keep them under 50%.

For the record i sold 1/3 of my holdings yesterday as i needed the funds and will be looking to double down in a few weeks when i can hopefully in the 3.3-3.6 range.

I still think we are on the goods here but lack of communication about the other drill holes forced my hand.

I also think we should give management a big wrap for putting their own dollars into this the last few weeks. Although disappointed with the last update they have given us a shot at keeping drake under 50%. Well done Jeff, schu and Dix

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Thanks again for your insights ST. I reckon we'll find out Monday. There's been a flood of last minute option conversions.

Not much we can do now apart from enjoying them beers! Time for me to scrub up and head into Collingwood. I've got a big night ahead of me.

Last edited by Midnight26: 21/10/16

BBX Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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